Lehman cash and investments total drops to $22.24 billion in March

By Caroline Salls

Pittsburgh, April 28 - Lehman Brothers Holdings Inc. had $22.236 billion in cash and investments at March 31, down from $22.619 billion at the end of February, according to its monthly operating report filed April 28 with the Securities and Exchange Commission.

The March cash and investments total included $118 million of loan principal, $14 million of loan interest, $72 million of derivatives collections from live/terminated trades, $141 million of private equity/principal investment principal and $1 million of private equity/principal investment interest.

According to a supplement to the operating report, Lehman had $209.819 billion in total assets at Dec. 31 and $255.382 billion in total debt.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company filed for bankruptcy on Sept. 15, 2008 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 08-13555.

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